EID Parry acquires 76 percent stake in Sadashiva Sugars

August 15th, 2009 Qatar acquire 17% Porsche stakeDOHA, Qatar — Qatar Holding has announced it will acquire a 17 percent stake in Volkswagen AG, which is merging with Porsche, in a deal that will exceed $10 billion. This comes after the Porsche and Piech families said it will sell a 10 percent stake of their shares to the Gulf company.

August 5th, 2009 News Corp boosts stake in Sky DeutschlandNEW YORK — News Corp., the media conglomerate controlled by Rupert Murdoch, has boosted its stake in German pay TV company Sky Deutschland AG to 39.96 percent. Sky Deutschland was formerly known as Premiere AG.

July 13th, 2009 CHENNAI - In an attempt to turn all its sugar mills - cooperative and public sector - profitable, the Tamil Nadu government is planning to upgrade them and make them integrated complexes having co-generation power plants, ethanol and distillery plants. According to a policy note for the industries department submitted to the state assembly by Deputy Chief Minister M.K.

July 10th, 2009 KOLKATA - Material handling equipment major TRF Ltd, a Tata group enterprise, has acquired a controlling stake in Sri Lanka's Dutch Lanka Trailer for $8.67 million, a top company official said here Friday. "This is our second acquisition in two years.

June 24th, 2009 NEW DELHI - Pearson, a Britain-headquartered education and information company, will acquire 50 percent stake in Indian education resource provider Educomp Solutions for $17.5 million as part of an agreement signed between them Wednesday. The two companies will offer skills training as part of the agreement, a joint statement from the companies said.

June 16th, 2009 NEW DELHI - The government is considering divesting up to 10 percent stake in the state-run Coal India Ltd, the country's largest coal miner, Coal Minister Sriprakash Jaiswal said here Tuesday. "We are working on a proposal to disinvest 5 to 10 percent stake in Coal India.

June 6th, 2009 MUMBAI - Wind turbine maker Suzlon Energy has raised its stake in Germany-based REpower Systems AG to 90.72 percent by acquiring Martifer Group's 14.4 percent stake in the company, it was announced here Saturday. Suzlon acquired Portugal-based Martifer's stake with a final payment of 87.6 million euros ($122.3 million), the company said in a statement.

May 20th, 2009 MUMBAI - Norway's Telenor has acquired another 15.5 percent stake in Unitech Wireless, the telecom arm of realty major Unitech, for Rs.1,130 crore (Rs.11.3 billion/$237 million), taking its shareholding in the Indian company to 49 percent, it was announced Wednesday. 'Unitech Wireless on May 19, 2009, received an amount of Rs.1,130 crore in aggregate from Telenor Asia Pte Ltd for acquisition of further 15.5 percent stake in Unitech Wireless by way of issuance of fresh shares,' the Indian telecom operator said in a regulatory statement.

May 13th, 2009 MUMBAI - Realty major DLF announced Wednesday its promoters would sell close to 168 million shares or about 10 percent of their stake in the company to infuse capital in its subsidiary DLF Assets Ltd (DAL). The company which would hope to raise about Rs.39.7 billion as per the scrip's Tuesday's closing price of Rs.236.25 at the Bombay Stock Exchange also said that the money would be used to buy out D.E Shaw's stake in DAL.

May 5th, 2009 CHENNAI - The Rs.15,646-crore ($3.15-billion) Murugappa group will invest Rs.586 crore in its existing businesses this fiscal, said senior company officials here Tuesday. 'The investments will be towards completing the existing projects as well as setting up of new facilities,' said A.

March 25th, 2009 MUMBAI - The Novartis India scrip jumped almost 20 percent Wednesday to hit the upper circuit after Novartis AG of Switzerland, a group subsidiary, said it would make an open offer to acquire an additional 39 percent stake in the Indian unit. The Novartis scrip, which opened at Rs.275.60, shot through the roof after the announcement, rising 19.99 percent above its last closing figure to rule at Rs.330.70.

March 13th, 2009 CHENNAI - City-based Sterling Projects and Engineering Ltd and one of its promoters, S. Jayalakshmi, have increased their combined stake in the Rs.2.13-billion real estate company Arihant Foundations and Housing to 7.37 percent.

February 25th, 2009 NEW DELHI - GMR Energy Ltd has acquired 33.5 percent stake in Canada-based Homeland Energy Group (HEG), it was announced Tuesday. HEG has strategic interests in coal projects in South Africa and other parts of the world.

February 1st, 2009 NEW DELHI - The B.K. Modi-promoted Spice Group has fully acquired the Indian subsidiary of Dubai-based mobile handset retailer Cellucom.

January 18th, 2009 NEW DELHI - Telecom operator Tata Communications has acquired a 30 percent stake in Neotel, a South Africa-based operator, the Indian firm said Monday. Tata Communications picked up the stake from two other operators, Eskom and Transnet.